25+ financial terms explained in plain language. Search, browse by category, or explore A-Z.
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Ask Felix anything about these financial terms. Your AI financial coach explains concepts in plain language and helps you apply them to your life.
Download Richify — It's FreeA financial glossary is a reference guide that defines financial terms in plain language. Our US financial glossary covers American-specific products like 401(k)s, Roth IRAs, HSAs, Social Security, FICO scores, and more — explained so anyone can understand them.
The most important terms for most Americans are: 401(k) and Roth IRA (retirement), FICO Score (credit), HSA (tax savings), Emergency Fund (safety net), and Net Worth (overall financial health). Understanding these gives you a strong foundation for personal finance.
The US has a unique employer-based retirement system (401k instead of government pension), a credit score system (FICO) that affects everything from mortgage rates to insurance, employer-provided health insurance, and complex tax rules with deductions, credits, and multiple filing statuses. The US also lacks automatic enrollment in many safety net programs that other countries provide.
Start with the Richify app — Felix, your AI financial coach, explains financial concepts in context and helps you make better decisions. For additional learning, check the IRS website for tax guidance, SSA.gov for Social Security, and CFPB for consumer protection.